According to Kexin Electromechanical's announcement, the company plans to transfer 23.84% of Corfu's shares free of charge at a price of 0 yuan because the shareholder of the participating company Cordefu Technology did not meet the performance assessment target in 2022 to 2024, triggering an equity compensation clause. After the transfer is completed, the company's shareholding ratio in Kodefu will rise from 38.41% to 62.25%, becoming its controlling shareholder, and Cordefu will be included in the scope of the company's consolidated statements. This matter does not require additional cash payments from the company, and does not constitute a related transaction or major asset restructuring.

According to Kexin Electromechanical's announcement, the company plans to transfer 23.84% of Corfu's shares free of charge at a price of 0 yuan because the shareholder of the participating company Cordefu Technology did not meet the performance assessment target in 2022 to 2024, triggering an equity compensation clause. After the transfer is completed, the company's shareholding ratio in Kodefu will rise from 38.41% to 62.25%, becoming its controlling shareholder, and Cordefu will be included in the scope of the company's consolidated statements. This matter does not require additional cash payments from the company, and does not constitute a related transaction or major asset restructuring.